Bulletin: NY000294

Date:
November 29, 2006
To:
All New York State Office Counsel, Managers and Agents
RE:
Suffolk County Real Estate Taxes

Any closing taking place between January 2, 2007 and January 5, 2007 will need the tax continuation run by January 2, 2007.

Please see exhibit concerning the installation of new computers in the Suffolk County Clerk's Office.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

EXHIBIT A

Letter to all New York State Land Title Association (NYSLTA) Members

From Sharon Sabol

Dated 11/29/2006

Re: Suffolk County

The information set forth was brought to our attention by members Mike Berey and Chair of the Land Records Committee Nancy Farrell.

Clarification regarding the Suffolk County Treasurer Tax Notice.

All current taxes are done through the municipality in which the premises lie. All taxes are also searched through the Suffolk County Treasurer's Office. This will give access to those records for an entire month before the computers will be upgraded. The Treasurer's Office will be open on Tuesday, January 2, 2007.

If you know of any closings taking place on the 3rd, 4th or 5th of January, 2007, it would be wise to order tax contin's for Tuesday, January 2, 2007. This lapse in accessibility to the records held at the Suffolk County Treasurer's Office should not affect normal tax orders. If there is a tax searxh that is needed in a rush during the three days the record will be unavailable, at the very least, a current tax bill must be provided at closing showing no arrears. If there is a contin needed that has not been anticipated within those three days, it would be presumed that the original tax search would already list the arrears, and perhaps an overestimate of additional interest would need to be collected.

IT WILL BE UP TO EACH INDIVIDUAL UNDERWRITER TO ADVISE ALL CLOSING PERSONNAL FOR BOTH DIRECT AND AGENTS OFFICES HOW TO PROCEED IN THESE SITUATIONS.

EXHIBIT B

Letter from Suffolk County Treasurer

Dated 11/27/2006

Re: MUNIS Tax History System

On January 3, 2007 we will start the process of installing the MUNIS Tax History System to new and upagraded applications and hardware.

The System will be shut down on January 3, 4 and 5th to accomplish the necessary tasks to implement this migration. The system will be available on Monday January 8th, 2007.

Thank you.

Camille Gawlowski

Tax History Supervisor

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None